Vault-13

ISHARES TR ICVT

CONV BD ETF · ETP · CUSIP 46435G102

353 institutional holders +6 vs Q2 2025
19,158,42619.2m shares reported held*
$1.9bnreported value*
41 new 185 added 93 reduced 27 sold out net bought ≈ $85.7m (+854.2k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($17.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $100.04. Options: 3 managers hold calls ($1.4m notional), 1 hold puts ($370.2k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 303Q4 22: 319Q1 23: 224Q2 23: 212Q3 23: 212Q4 23: 232Q1 24: 274Q2 24: 303Q3 24: 304Q4 24: 350Q1 25: 356Q2 25: 347Q3 25: 353353Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022303
Q4 2022319
Q1 2023224
Q2 2023212
Q3 2023212
Q4 2023232
Q1 2024274
Q2 2024303
Q3 2024304
Q4 2024350
Q1 2025356
Q2 2025347
Q3 2025353

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 23: 116 bought or addedQ4 23: 101 cut or sold outQ1 24: 186 bought or addedQ1 24: 88 cut or sold outQ1 24Q2 24: 182 bought or addedQ2 24: 109 cut or sold outQ3 24: 178 bought or addedQ3 24: 125 cut or sold outQ3 24Q4 24: 226 bought or addedQ4 24: 85 cut or sold outQ1 25: 209 bought or addedQ1 25: 131 cut or sold outQ1 25Q2 25: 118 bought or addedQ2 25: 238 cut or sold outQ3 25: 226 bought or addedQ3 25: 120 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023116101
Q1 202418688
Q2 2024182109
Q3 2024178125
Q4 202422685
Q1 2025209131
Q2 2025118238
Q3 2025226120

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ4 24 calls: $1.6mQ4 24 puts: $543.8kQ4 24P/C 0.34Q1 25 calls: $2.8mQ1 25 puts: $861.2kQ1 25P/C 0.31Q2 25 calls: $2.3mQ2 25 puts: $261.3kQ2 25P/C 0.11Q3 25 calls: $1.4mQ3 25 puts: $370.2kQ3 25P/C 0.26
Numbers
QuarterCallsPutsP/C
Q4 2024$1.6m$543.8k0.34
Q1 2025$2.8m$861.2k0.31
Q2 2025$2.3m$261.3k0.11
Q3 2025$1.4m$370.2k0.26

Biggest buyers

1832 Asset Management L.P. Added +322,564+322.6k
ENVESTNET ASSET MANAGEMENT INC Added +315,685+315.7k
JPMORGAN CHASE & CO Added +240,885+240.9k
Ocean Park Asset Management, LLC New +219,900+219.9k
LPL Financial LLC Added +142,756+142.8k
ASSETMARK, INC Added +134,193+134.2k
MML INVESTORS SERVICES, LLC Added +128,984+129.0k
AMERIPRISE FINANCIAL INC Added +91,575+91.6k
Independence Financial Advisors, LLC Added +83,886+83.9k
BANK OF AMERICA CORP /DE/ Added +82,318+82.3k

Biggest sellers

Provida Pension Fund Administrator Reduced -536,640-536.6k
Insight Wealth Strategies, LLC Sold out -245,103-245.1k
GOLDMAN SACHS GROUP INC Reduced -241,500-241.5k
360 Financial, Inc. Sold out -150,298-150.3k
Tradewinds Capital Management, LLC Reduced -116,575-116.6k
Systelligence, LLC Reduced -79,219-79.2k
Rockefeller Capital Management L.P. Reduced -72,371-72.4k
New York Life Investment Management LLC Reduced -62,239-62.2k
Ameritas Advisory Services, LLC Reduced -61,834-61.8k
ROYAL BANK OF CANADA Reduced -48,235-48.2k

Biggest calls

SIMPLEX TRADING, LLC Reduced $968.0k28.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $430.2k4.3k shares
GROUP ONE TRADING LLC Reduced $22.0k1.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $370.2k3.7k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,647,3162.6m $264.9m $264.9m 0.02% Added +82.3k +82,318
2 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,248,9311.2m $125.0m $125.0m 0.04% Added +315.7k +315,685
3 Provida Pension Fund Administrator 1.84% of their portfolio LAS CONDES, SANTIAGO, F3 1,056,4201.1m $105.5m $105.5m 1.84% Reduced -536.6k -536,640
4 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,010,5001.0m $101.1m $101.1m 0.01% Reduced -241.5k -241,500
5 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 861,006861.0k $86.1m $86.1m 0.03% Added +142.8k +142,756
6 AMG National Trust Bank 1.21% of their portfolio GREENWOOD VILLAGE, CO 496,267496.3k $49.7m $49.7m 1.21% Added +8.7k +8,715
7 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 450,996451.0k $45.1m $45.1m 0.08% Added +322.6k +322,564
8 Advisory Alpha, LLC 1.27% of their portfolio HOLLAND, MI 449,503449.5k $45.7m $45.7m 1.27% Added +15.6k +15,566
9 GREENLEAF TRUST 0.41% of their portfolio KALAMAZOO, MI 447,550447.6k $44.8m $44.8m 0.41% Added +2.3k +2,270
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 430,156430.2k $43.0m $43.0m 0.00% Added +240.9k +240,885
11 New York Life Investment Management LLC 0.35% of their portfolio New York, NY 394,152394.2k $39.4m $39.4m 0.35% Reduced -62.2k -62,239
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 373,342373.3k $37.4m $37.4m 0.00% Added +27.1k +27,127
13 Baker Avenue Asset Management, LP 0.78% of their portfolio SAN FRANCISCO, CA 323,857323.9k $32.4m $32.4m 0.78% Added +7.1k +7,078
14 Prestige Wealth Management Group LLC 6.18% of their portfolio FLEMINGTON, NJ 320,192320.2k $32.0m $32.0m 6.18% Added +3.6k +3,574
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 305,536305.5k $30.6m $30.6m 0.00% Added +34.5k +34,477
16 Howard Capital Management, LLC 0.40% of their portfolio Alpharetta, GA 304,867304.9k $30.5m $30.5m 0.40% Reduced -15.7k -15,669
17 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 272,815272.8k $27.3m $27.3m 0.07% Added +129.0k +128,984
18 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 253,645253.6k $25.5m $25.5m 0.01% Added +91.6k +91,575
19 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 241,210241.2k $24.1m $24.1m 0.01% Reduced -35.2k -35,219
20 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 237,298237.3k $22.8m $22.8m 0.03% Added +28.7k +28,657
21 Ocean Park Asset Management, LLC 0.91% of their portfolio SANTA MONICA, CA 219,900219.9k $22.0m $22.0m 0.91% New
22 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 214,298214.3k $21.4m $21.4m 0.05% Added +134.2k +134,193
23 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 200,981201.0k $20.1m $20.1m 0.02% Added +46.3k +46,289
24 Cornerstone Planning Group LLC 2.90% of their portfolio FAIRFIELD, NJ 176,089176.1k $18.1m $18.1m 2.90% Added +2.8k +2,800
25 Certified Advisory Corp 1.65% of their portfolio ALTAMONTE SPRINGS, FL 173,340173.3k $17.3m $17.3m 1.65% Added +4.0k +3,956
26 CWM, LLC 0.05% of their portfolio OMAHA, NE 158,848158.8k $15.9m $15.9m 0.05% Reduced -24.9k -24,907
27 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.78% of their portfolio SAN FRANCISCO, CA 152,822152.8k $15.3m $15.3m 0.78% Reduced -3.0k -3,008
28 CacheTech Inc. 2.86% of their portfolio LOGAN, UT 141,853141.9k $14.2m $14.2m 2.86% Reduced -25.9k -25,933
29 BlueStem Wealth Partners, LLC 1.57% of their portfolio MINNETONKA, MN 137,357137.4k $13.7m $13.7m 1.57% Added +14.2k +14,171
30 Adams Wealth Management 2.90% of their portfolio LOGAN, UT 135,379135.4k $13.5m $13.5m 2.90% Reduced -29.2k -29,219
31 OneDigital Investment Advisors LLC 0.13% of their portfolio OVERLAND PARK, KS 127,396127.4k $12.7m $12.7m 0.13% Added +4.2k +4,218
32 AIRE ADVISORS, LLC 2.24% of their portfolio BEVERLY HILLS, CA 123,191123.2k $12.3m $12.3m 2.24% Added +1.6k +1,623
33 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 123,106123.1k $12.3m $12.3m 0.09% Added +4.9k +4,886
34 Envestnet Portfolio Solutions, Inc. 0.05% of their portfolio BERWYN, PA 122,643122.6k $12.3m $12.3m 0.05% Added +25.7k +25,696
35 Independence Financial Advisors, LLC 3.60% of their portfolio FRANKLIN, NH 118,255118.3k $11.8m $11.8m 3.60% Added +83.9k +83,886
36 Advance Capital Management, Inc. 0.51% of their portfolio SOUTHFIELD, MI 116,636116.6k $11.7m $11.7m 0.51% Added +7.5k +7,537
37 NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio TOKYO, M0 112,849112.8k $11.3m $11.3m 0.03% Reduced -6.2k -6,210
38 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 108,344108.3k $9.9m $9.9m 0.03% Added +59.2k +59,173
39 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 95,57695.6k $9.6m $9.6m 0.01% Added +3.2k +3,218
40 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 94,70494.7k $9.5m $9.5m 0.00% Added +2.7k +2,703
41 Hilltop Partners LLC 2.79% of their portfolio MISHAWAKA, IN 93,41693.4k $9.3m $9.3m 2.79% Added +1.6k +1,623
42 FIG FINANCIAL ADVISORY SERVICES INC /ADV 5.61% of their portfolio OKLAHOMA CITY, OK 89,55589.6k $9.0m $9.0m 5.61% Added +19.9k +19,950
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 87,93087.9k $8.8m $8.8m 0.00% Reduced -3.7k -3,676
44 Financial Gravity Asset Management, Inc. 1.65% of their portfolio Lakeway, TX 83,53483.5k $8.4m $8.4m 1.65% First filing
45 Systelligence, LLC 1.56% of their portfolio BLOOMINGTON, MN 81,96982.0k $8.2m $8.2m 1.56% Reduced -79.2k -79,219
46 Onyx Bridge Wealth Group LLC 0.89% of their portfolio TARRYTOWN, NY 81,65881.7k $8.2m $8.2m 0.89% Added +58.1k +58,092
47 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 73,93773.9k $7.4m $7.4m 0.01% New
48 SSI INVESTMENT MANAGEMENT LLC 0.50% of their portfolio Los Angeles, CA 73,93073.9k $7.4m $7.4m 0.50% Added +835 +835
49 Mascagni Wealth Management, Inc. 5.60% of their portfolio CLINTON, MS 72,45372.5k $7.2m $7.2m 5.60% Added +2.8k +2,783
50 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 71,59371.6k $7.2m $7.2m 0.03% Added +8.9k +8,900
51 Florin Court Capital LLP 5.40% of their portfolio London, X0 68,82768.8k $6.9m $6.9m 5.40% Added +1.2k +1,200
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 68,51668.5k $7.0m $7.0m 0.01% Added +4.5k +4,454
53 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 68,10068.1k $6.8m $6.8m 0.01% Added +16.0k +16,000
54 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 67,39867.4k $6.7m $6.7m 0.02% Added +24.0k +23,962
55 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 64,97165.0k $6.5m $6.5m 0.01% Added +10.9k +10,905
56 Centerline Wealth Advisors, LLC 2.78% of their portfolio LOUISVILLE, KY 63,75663.8k $6.4m $6.4m 2.78% Reduced -295 -295
57 Foundations Investment Advisors, LLC 0.09% of their portfolio PHOENIX, AZ 63,31363.3k $6.3m $6.3m 0.09% Reduced -20.1k -20,094
58 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 61,35661.4k $6.1m $6.1m 0.05% Added +2.9k +2,903
59 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 56,75556.8k $5.7m $5.7m 0.01% Added +739 +739
60 Elevation Capital Advisory, LLC 2.25% of their portfolio BEND, OR 56,27756.3k $5.6m $5.6m 2.25% New
61 Dynamic Advisor Solutions LLC 0.16% of their portfolio PHOENIX, AZ 54,74654.7k $5.5m $5.5m 0.16% Reduced -846 -846
62 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 53,92753.9k $5.4m $5.4m 0.00% Added +13.0k +12,991
63 PARK AVENUE SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 53,28153.3k $5.3m $5.3m 0.04% Added +8.4k +8,360
64 IHT Wealth Management, LLC 0.13% of their portfolio Chicago, IL 53,20353.2k $5.3m $5.3m 0.13% Added +30.5k +30,528
65 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 50,80750.8k $5.1m $5.1m 0.04% Added +9.7k +9,734
66 Baron Financial Group, LLC 2.74% of their portfolio Fair Lawn, NJ 50,03550.0k $5.0m $5.0m 2.74% Added +654 +654
67 Yorktown Management & Research Co Inc 3.99% of their portfolio Forest, VA 50,00050.0k $5.0m $5.0m 3.99% New
68 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 46,98747.0k $4.7m $4.7m 0.00% Reduced -48.2k -48,235
69 Plan Group Financial, LLC 1.25% of their portfolio OKLAHOMA CITY, OK 46,49046.5k $4.7m $4.7m 1.25% Added +17.0k +17,046
70 WETZEL INVESTMENT ADVISORS, INC. 1.98% of their portfolio INDIANAPOLIS, IN 46,36646.4k $4.6m $4.6m 1.98% Reduced -94 -94
71 B. Riley Wealth Advisors, Inc. 0.22% of their portfolio MEMPHIS, TN 45,03445.0k $4.5m $4.5m 0.22% Added +19.8k +19,753
72 Hershey Financial Advisers, LLC 3.82% of their portfolio LANCASTER, PA 44,53744.5k $4.5m $4.5m 3.82% Reduced -1.2k -1,172
73 Mariner, LLC 0.01% of their portfolio Overland Park, KS 44,38344.4k $4.4m $4.4m 0.01% Reduced -10.5k -10,461
74 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 43,91543.9k $4.4m $4.4m 0.02% Added +17.8k +17,797
75 Cambria Investment Management, L.P. 0.26% of their portfolio Manhattan Beach, CA 43,28343.3k $4.3m $4.3m 0.26% Added +13.1k +13,110
76 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 43,05843.1k $4.3m $4.3m 0.00% Unchanged
77 HORIZON FINANCIAL SERVICES, LLC 1.99% of their portfolio WINSTON SALEM, NC 41,73941.7k $4.2m $4.2m 1.99% Added +295 +295
78 Diversify Advisory Services, LLC 0.14% of their portfolio SANDY, UT 41,41141.4k $4.3m $4.3m 0.14% New
79 Elequin Capital, LP 0.35% of their portfolio NEW YORK, NY 41,19441.2k $4.1m $4.1m 0.35% New
80 PLANWISER FINANCIAL, LLC 3.27% of their portfolio COLORADO SPRINGS, CO 39,74939.7k $4.1m $4.1m 3.27% Added +14.7k +14,717
81 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 39,49739.5k $4.0m $4.0m 0.01% Added +4.8k +4,849
82 CreativeOne Wealth, LLC 0.09% of their portfolio OVERLAND PARK, KS 38,80838.8k $3.9m $3.9m 0.09% Added +2.8k +2,808
83 TME FINANCIAL, INC. 2.87% of their portfolio Huntington Beach, CA 38,28438.3k $3.8m $3.8m 2.87% Reduced -5.2k -5,207
84 Central Pacific Bank - Trust Division 0.45% of their portfolio HONOLULU, HI 37,50637.5k $3.8m $3.8m 0.45% Added +1.1k +1,105
85 CAPITAL WEALTH MANAGEMENT, LLC 1.30% of their portfolio W. WARWICK, RI 37,30637.3k $3.7m $3.7m 1.30% Reduced -520 -520
86 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 36,16836.2k $3.6m $3.6m 0.01% Added +6.6k +6,592
87 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 33,99634.0k $3.4m $3.4m 0.01% Reduced -26.0k -25,968
88 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 32,46832.5k $3.2m $3.2m 0.03% Added +12.4k +12,448
89 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 31,30031.3k $3.1m $3.1m 0.00% Unchanged
90 IFP Advisors, Inc 0.08% of their portfolio TAMPA, FL 30,70030.7k $3.1m $3.1m 0.08% Reduced -719 -719
91 Spectrum Planning & Advisory Services Inc. 1.58% of their portfolio SAN DIEGO, CA 27,97028.0k $2.8m $2.8m 1.58% Added +151 +151
92 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 27,13027.1k $2.7m $2.7m 0.00% Reduced -1.2k -1,235
93 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 27,00027.0k $2.7m $2.7m 0.00% New
94 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 26,53826.5k $2.7m $2.7m 0.01% Added +3.5k +3,538
95 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 26,07926.1k $2.6m $2.6m 0.02% Added +1.6k +1,636
96 Dynasty Wealth Management, LLC 0.03% of their portfolio ST. PETERSBURG, FL 24,73424.7k $2.5m $2.5m 0.03% Added +3.1k +3,149
97 Ascent Group, LLC 0.09% of their portfolio VIRGINIA BEACH, VA 24,50224.5k $2.5m $2.5m 0.09% Added +3.9k +3,898
98 FFG RETIREMENT ADVISORS LLC 1.42% of their portfolio CENTENNIAL, CO 22,92222.9k $2.3m $2.3m 1.42% New
99 Provident Wealth Management, LLC 0.66% of their portfolio BRENTWOOD, TN 21,74021.7k $2.2m $2.2m 0.66% Reduced -437 -437
100 PRELUDE CAPITAL MANAGEMENT, LLC 0.16% of their portfolio NEW YORK, NY 20,52120.5k $2.1m $2.1m 0.16% New